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Oracle Slips on Sales Shortfall
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Updated from March 26.
SAN FRANCISCO -- Today's lesson: Even large-cap tech stalwarts are vulnerable to market forces.
Oracle(ORCL Quote) shares fell in after-hours trading Wednesday and again in pre-market trading Thursday after the database software giant posted third-quarter revenue that came up short of Wall Street expectations.
Oracle's top line grew 21% to $5.35 billion from $4.41 billion for the same quarter of last year, but analysts were expecting $5.42 billion, according to Thomson Financial. ...
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